Amerigo Resources (OTCMKTS:ARREF) Shares Cross Above Fifty Day Moving Average of $1.12

Shares of Amerigo Resources Ltd. (OTCMKTS:ARREF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.12 and traded as high as $1.28. Amerigo Resources shares last traded at $1.27, with a volume of 21,438 shares changing hands.

Amerigo Resources Stock Performance

The stock has a market cap of $210.36 million, a price-to-earnings ratio of 127.00, a PEG ratio of 0.40 and a beta of 3.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.75 and a quick ratio of 0.60. The firm has a fifty day moving average of $1.13 and a 200 day moving average of $1.01.

Amerigo Resources (OTCMKTS:ARREF) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $42.45 million for the quarter, compared to analyst estimates of $46.66 million. Amerigo Resources had a return on equity of 2.88% and a net margin of 2.04%. As a group, sell-side analysts forecast that Amerigo Resources Ltd. will post 0.16 EPS for the current year.

Amerigo Resources Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.0222 dividend. This represents a yield of 9.17%. This is a positive change from Amerigo Resources’s previous dividend of $0.02. The ex-dividend date was Tuesday, March 5th. Amerigo Resources’s payout ratio is presently 700.00%.

About Amerigo Resources

Amerigo Resources Ltd., through its subsidiary, Minera Valle Central SA, engages in the production and sale of copper and molybdenum concentrates from Codelco's El Teniente underground mine in Chile. The company was formerly known as Golden Temple Mining Corp. and changed its name to Amerigo Resources Ltd.